Compare Velocity Frequent Flyer credit cards to earn more points as you spend and redeem your dream rewards sooner.
If you’re a loyal Virgin Australia customer, a Velocity Frequent Flyer credit card could help you pick up more perks and points. These credit cards offer Velocity Points for every $1 you spend on eligible purchases and many offering bonus points for spending with Virgin Australia. You can then redeem these Velocity Points for flights with Virgin Australia and its partners, book hotel stays and holiday packages, fill up your car with petrol or shop online via the Velocity eStore.
As there is a wide range of rewards credit cards in Australia that give you options for earning Velocity Rewards, it’s important that you compare your options to find the card that offers the most value for you. Use this guide to find out how Velocity Frequent Flyer credit cards work, how you can earn and redeem points and how to compare your options to choose the best* frequent flyer credit card for you.
Velocity Frequent Flyer Credit Card Offer
Take advantage of the bonus Velocity points offer and earn 0.66 Velocity Point per $1 spent on your everyday purchases. Gain exclusive access to reduced flight rates on domestic travel.
- $64 p.a. annual fee for the first year ($129 p.a. thereafter) annual fee
- 20.74% p.a. on purchases
- 0% p.a. for 18 months on balance transfers
- Cash Advance Rate of 20.99% p.a.
- Up to 44 days interest free
- Minimum Income Requirement of $35,000 p.a.
Velocity Rewards Credit Cards Comparison
How do Velocity Frequent Flyer credit cards work?
When you use a Velocity Frequent Flyer credit card for eligible purchases, you earn Velocity points for every $1 spent. These points are then added to your Velocity account. Once you’ve earned enough Velocity Points, you can redeem them for a variety of rewards including flights and flight upgrades with Virgin Australia, accommodation and car rentals and a wide range of merchandise and gift cards.
How to earn Velocity Points with a Velocity Frequent Flyer credit card
When you apply for a Velocity Frequent Flyer credit card, you will be asked to provide your Velocity membership details. If you don’t already have Velocity Frequent Flyer membership, you can sign up for free during this process. Once the card is approved and activated, you will earn Velocity Points for your spending on the card.
The amount of points you’ll earn per $1 is referred to as the “earn rate” and varies between different cards and transaction types. For example, a card may offer up to 2 Velocity Points per $1 spent with Virgin Australia and 1 point per $1 on all other eligible purchases. While most everyday spending will be “eligible”, common exclusions are balance transfers, cash advances, special promotions, interest charges, government charges, insurance, loan payments, business transactions and gambling transactions.
You can earn Velocity Frequent Flyer Points with two main types of cards: direct earn and indirect earn credit cards.
- Direct earn Velocity Frequent Flyer Credit Cards. These cards allow you to earn Velocity Points straight into your frequent flyer account when you use the card to make eligible purchases. Currently, Virgin Money, American Express and NAB are the only card issuers on the Australian market that offer direct earn Velocity Frequent Flyer credit cards.
- Indirect earn Velocity Frequent Flyer Credit Cards. Rather than earning points straight into your Velocity account, these cards earn points for a credit card rewards program. You then have the option of transferring points to your Velocity account (or any of the other partnered frequent flyer programs). You can also redeem points for other rewards with the credit card rewards program. Currently, American Express, Commonwealth Bank, Westpac, ANZ, HSBC, St.George, Bank of Melbourne, BankSA, Citi, Suncorp Bank, Card Service and Bank of Queensland all allow you to transfer credit card rewards points to Velocity Points.
It’s worth noting that some Velocity Frequent Flyer cards come with both a Visa or Mastercard and an American Express card. These dual or companion card accounts have different earn rates depending on whether the Visa/Mastercard option of the Amex option is used. Generally the Amex earns more points per $1, while the Visa or Mastercard has wider acceptance, allowing you to maximise your rewards based on these features.
Some Velocity Frequent Flyer credit cards also offer bonus points offers on sign up. To take advantage of a bonus points offer, you’ll usually be required to meet terms and conditions. For example, you might have to successfully apply for the card and then spend $3,000 on eligible purchases within the first 3 months to receive 50,000 bonus Velocity Points.
How to compare Velocity Frequent Flyer credit cards
If you’re deciding which card to apply for, including the following factors in your comparison can help you find an option that suits your needs.
- Earn rate. You can consider the amount of points you’ll earn per $1 and how much you’re likely to spend on the card each year to determine how much value you will get from it. If the card meets your rewards goals and outweighs the cost of the annual fee cost, it could be a valuable option.
- Bonus points. You might also be able to earn bonus points, say when you’re spending in a foreign currency overseas, making a purchase with Virgin Australia or spending with a partner. So make sure you know the different ways you can pick up extra points for everyday costs.
- Annual fee. The value you get from the points you earn each year is offset by the annual fee you pay. Some cards may halve or waive the annual fee in the first year, but it’s important to consider the standard annual fee to determine if the value of the rewards will outweigh it.
- Interest rates. If you regularly carry a balance, make sure you know what the standard interest rate is. There’s no point earning Velocity Points if the interest you’ll accrue exceeds the monetary value of your rewards.
- Interest-free days. Most credit cards offer up to a certain number of days interest-free if you pay off your balance in full by the due date on your statement. This feature can help keep credit card costs to a minimum, but only if you fully repay the account each month.
- Complimentary travel insurance. If you have an overseas trip coming up, a credit card with complimentary travel insurance can help you save on costs. This perk is available on some Velocity credit cards, particularly more premium platinum options. The insurance usually covers you and your family for any medical expenses for illness and injury, lost or stolen luggage, legal liability and more. However, there are eligibility requirements, limits and exceptions involved, so make sure to read the terms and conditions before you apply.
- Exclusive flight offers. Some Velocity reward credit cards offer a complimentary domestic flight or flight voucher each year you have the card and meet the eligibility requirements. For example, the American Express Velocity Platinum offers a complimentary return domestic flight every year after your first card spend for that year. Similarly, the Virgin Flyer and High Flyer both offer a $129 Virgin Australia gift voucher every year when you make a retail purchase in the 2 months prior to requesting your voucher.
- Flying perks. Some Velocity credit cards also offer other flying perks, such as complimentary single entry passes to the Virgin Australia lounge or discounts on business class companion fares when you fly internationally with Virgin Australia. If you make use of these benefits, they can help offset the costs of the card.
Mistakes to avoid with Velocity Frequent Flyer credit cards
Here are a few things that you must keep in mind while using a Velocity credit card:
- Cash advances. These transactions, such as ATM cash withdrawals or foreign currency purchases, don’t earn points and will accrue a fee and high cash advance interest immediately.
- Balance transfers. Balance transfers don’t earn frequent flyer points and if you need to concentrate on paying down an existing debt, you probably shouldn’t be using a rewards card that might tempt you to spend.
- High annual fees. Most frequent flyer credit cards come with high annual fees. Remember to make sure that the value of the rewards you’ll earn will outweigh this cost.
- Capped points. Some frequent flyer credit cards have a cap on how many points you can earn. So if you reach a certain amount of points, you might earn a reduced rate or not be able to earn any more points. Based on how much you plan to spend, make sure it doesn’t exceed the points cap or you could miss out on potential rewards value.
- Avoid overspending. Make sure your frequent flyer card doesn’t tempt you to spend just for the sake of earning more points. Remember that you have to repay everything you spend and the rewards won’t be worth it if your balance starts collecting interest and you fall into debt.
How to maximise the number of points you can earn with a Velocity Frequent Flyer credit card
A Velocity Frequent Flyer credit card gives you the opportunity to earn Velocity Points for everyday purchases. There are also strategies you can use to increase the number of points you earn as you spend.
- Shop with bonus points partners. Some credit cards will offer you bonus points when shopping with Virgin Australia and other partnered retailers. Make sure you know what bonuses are available to get more points for your money.
- Velocity status tiers. The more you fly with Virgin Australia and it’s eligible partners, the more status credits you’ll earn. These credits help you ascend the Velocity Status tiers. The higher the tier, the more benefits you’ll get, including bonus points, advanced seat selection on flights, priority boarding, Virgin airport lounge entry and more. You’ll need 250 Status Credits to move from Red to Silver status, 500 for Gold and 1,000 for Platinum.
- Pay for big ticket items on your card. If you have some major purchases to make, use your credit card for these to maximise the points you earn. Just make sure you can pay off the purchases before interest is charged, otherwise the value of the rewards could be offset by the interest you collect.
- Take advantage of bonus points offers. Some credit cards come with bonus points offers on signup, meaning you can boost your Velocity Points balance early on. You’ll usually need to meet some terms and conditions, such as applying before a certain date and spending a particular amount of money in the first few months you have the card, so make sure you understand what you need to do to qualify.
- Spend with Velocity partners. As a Velocity Program member, you can also earn points on a daily basis when you shop with the program’s partners, including BP service stations, Jetts Fitness, Virgin Mobile, Lumo energy and a wide range of retailers on the Velocity eStore. Use your Velocity credit card with these partners, and you’ll earn points twice: once through Velocity and once through your card.
How many points can I earn with a Velocity Frequent Flyer credit card?
A simple way to determine which Velocity credit card will suit your lifestyle is to calculate how many points you’ll earn each month based on your regular monthly card spending. You can use the table below for some examples of how to estimate the points you’ll earn each statement period.
|American Express Velocity Platinum Card||Virgin Australia Velocity High Flyer Card||NAB Velocity Rewards Card|
|Annual Fee||$349 p.a.||$144 for the first year and $289 thereafter.||$95 p.a.|
|Points per $1 spent in Australia||1||1.25||Up to 1|
|Groceries – $500||500||625||500|
|Fuel – $200||200||250||200|
|Utilities – $150||150||187.5||150|
|Phone – $100||100||125||100|
|Entertainment – $450||450||562.5||450|
|Virgin Australia – $350||1,050 (purchases with Virgin Australian earn up to 3 Velocity Points)||437.5||350|
|Miscellaneous – $100||100||125||100|
|Total Velocity Points earned per month||2,550||2,312.5||1,850|
As you can see, the number of points you’ll earn largely depends on the earn rate of the card and how much you spend each month on eligible purchases. The more you spend and the higher the earn rate, the more Velocity Points you’ll earn with your Velocity Frequent Flyer credit card. When making these calculations, you should factor in whether you can afford to pay off the balance before the statement period ends (to avoid collecting interest) and whether the value of the rewards will outweigh the yearly costs of the card.
Perks for families with a Velocity Frequent Flyer Credit Card
As a member of the Velocity program, you will also be able to take advantage of the numerous family benefits that Virgin Airlines has added to its frequent flyer program.
- Additional cardholders. Velocity Frequent Flyer credit cards often allow you to include an additional cardholder on the account. This means your partner or other eligible family member would get their own card linked to the account to help maximise rewards. Note that you would still be responsible for all spending on the credit card account.
- Parental leave. If you are a Silver, Gold or Platinum Velocity member expecting a new baby, you can pause your membership for up to six months. You can then restart it without losing your membership status.
- Transferring points. If any of your relatives are enrolled in the Velocity program, you can transfer your points between members to help redeem points faster. See our guide on how to transfer your Velocity Points between family members for more information.
- Lounge access. If you have a higher tier Velocity Frequent Flyer credit card, you’ll receive VIP airport lounge access for you and a guest. Gold and Platinum Velocity Frequent Flyers can bring additional guests and up to 2 children under 12 years old to the lounge, which could mean you and your family could wait for your flight in style before your next trip.
- Perks for Gold and Platinum members. If you’re higher up the Velocity status tiers, you can take advantage of guaranteed Rewards Seats each year for family holidays. Gold members can redeem points for up to four return Rewards Seats for their family for any holiday destination in Australia. Platinum members can use their points for return Reward Seats for up to four family members to a selection of hundreds of international holiday locations.
Velocity Frequent Flyer may also add benefits for family members or run specials from time to time. You can compare more family benefits of the Velocity Frequent Flyer program with our guide.
While Velocity Frequent Flyer credit cards can be a smart way to pick up frequent flyer points on your everyday purchases, there are many options to choose from on the market. As they all come with different costs, earn rates and rewards potential, it’s important to compare these cards to make sure you will get the most value for your money before you apply.Back to top
Frequently asked questions
How long are Velocity points valid?
As of 1 June 2016, Velocity Points will not expire as long as you earn or redeem them at least once every 24 months. Note that previously the expiry period was 36 months and any points earned from eligible activity prior to 1 June 2016 will not expire for 36 months.
Can you claim missing Velocity point?
Yes. You can use the claim form on the Velocity website to file a claim for missing Velocity Points. All you have to is log into your account and select Claim Missing Points. You will have up to six months to claim your points with Virgin Australia, V Australia, Pacific Blue, Polynesian Blue and other partner flights. For accommodation, car hire and other partner companies, you only have three months to make your claim.
Will the Velocity program benefit my family?
Virgin Australia has added a number of family benefits for its frequent flyers. One such benefit is the ability to pool points together as a family to afford rewards earlier.
What is considered an eligible purchase?
Most everyday purchases will earn points on your card. However, eligible purchases generally exclude cash advances, balance transfers, gambling transactions and government purchases.
Do Velocity Points expire?
No, Velocity Points don’t expire. This means that you can save up your Velocity Points for as long as you need if you have a large reward in mind.